(Reuters) – Italy’s government and UniCredit have called off negotiations over the sale of ailing Banca Monte dei Paschi(MPS), the Italian lender and Italy’s Ministry of Economy and Finance said in a joint statement on Sunday.
News Updates Italy, UniCredit Talks On Monte Paschi Purchase Collapse 2021
“Despite the effort from both sides, negotiations pertaining to the potential acquisition of a defined perimeter of Banca Monte dei Paschi di Siena will no longer continue,” the statement said.